The Cubs, Braves, Dodgers, Padres and Phillies are among the nine teams reportedly showing strong interest in Lazarito.
According to the report, Lazarito worked out last Saturday for the Braves and had a private workout Monday for an unknown team. Sanchez reported Monday’s private workout was his last before he makes a decision on his future Wednesday.
Lazarito is spending Tuesday going over his options. And he said he’s plan is to make a decision Wednesday. Whether or not he signs with a team could depend on several factors.
Due to his age, Lazarito falls under International signing guidelines. If he picks a team and signs before the current signing period ends on June 15, teams like the Cubs, Dodgers, Giants and Royals could sign him. Teams that have exceeded their International bonus pool and will be penalized for the next two years, like the Cubs, will not be allowed to sign a player for more than $300,000 for the 2016-17 and 2017-18 signing periods.
If he waits until the 2016-17 International signing period begins on July 2, teams like the Braves, Padres and Phillies could be the three teams most likely to sign him. The Yankees and Red Sox will be restricted to signing players for more than $300,000 for another year after exceeding their International bonus pool during the 2015-16 signing period.
The current 2015-16 International signing period ends on June 15. Lazarito falls under International signing guidelines, which means a team like the Cubs would have to pay 100 percent tax on the overage of their International signing bonus pool to sign him.
The Cubs are well over their adjusted 2015-16 International signing bonus pool of $3,169,300.
The Cubs have reportedly spent $11.85 million on seven players since July 2. Based on the signings and figures that have been reported, the Cubs have committed $20,530,700, including taxes. The Cubs are currently $8,680,700 over their International bonus pool for the 2015-16 signing period and will have to pay $17,361,400 in full on July 15, 2016.
If the Cubs sign Lazarito the total cost to the organization would be double the signing bonus he receives. On the low end estimate of $15 million provided by Jesse Sanchez, the Cubs would actually pay $30 million to add him to the organization.
Stay Tuned. Updates will be made to this report once additional information is available.